FEA
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0.00% 4.5¢ forest enterprises australia limited

Banks wouldn't let them refinance back in 08/09. Oxiana and...

  1. Enoch
    1,163 Posts.
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    20/04/10
    20:53
    Post #: 6597222
    Banks wouldn't let them refinance back in 08/09. Oxiana and Zinefex merged and the corporate action triggered a clause where the company had to refinance the debt that otherwise wouldn't have been due to 2012.

    They had to sell off most of the company to China Minmetals. The debt to equity rqatio was just 20%.

    CBA I believe was the main issue to begin with.
    FEA Price at posting: 4.5¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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